John W. Rowe

SYLLABUS
ECO 3100--902
MANAGERIAL ECONOMICS
FALL 1999

INSTRUCTOR: JOHN ROWE

OFFICE: BSN 3415

PHONE: 813 974-6543

E-MAIL: jrowe@coba.usf.edu

OFFICE HOURS: M 2:00-2:30 AND 5:30-6:00, W 2:00-2:30, AND BY APPOINTMENT

TEXT:

MANAGERIAL ECONOMICS AND BUSINESS STRATEGY, 3RD EDITION, MICHAEL R. BAYE, IRWIN, 2000

 

COURSE OBJECTIVES:

1. HOW TO USE MICROECONOMIC ANALYSIS TO MAKE EFFECTIVE MANAGERIAL DECISIONS.
2. HOW THE PRICE SYSTEM ALLOCATES RESOURCES.

 

STUDENT EXPECTATIONS:

1. ATTENDANCE AT CLASSES WHEN EXAMS ARE NOT SCHEDULED IS STRONGLY ENCOURAGED BUT NOT REQUIRED.

2. TO PERFORM AT THE HIGHEST LEVEL YOU ARE ENCOURAGED TO READ THE TEXT ASSIGNMENT IN ADVANCE OF EACH CLASS. THEN CHECK YOUR UNDERSTANDING BY WORKING THE ASSIGNED PROBLEM. THE ANSWERS ARE ON PAGES 515-523 OF THE TEXT.

3. ATTENDANCE AT SCHEDULED EXAMS IS REQUIRED AND EXCUSED ABSENCES ARE GRANTED ONLY WITH WRITTEN DOCUMENTATION.

4. THERE ARE TWO SEVENTY-FIVE MINUTE NON-COMPREHENSIVE EXAMS. THESE WILL INCLUDE MULTIPLE-CHOICE QUESTIONS, ESSAY QUESTIONS, AND/OR PROBLEMS. EACH EXAM COUNTS 30% OF THE FINAL GRADE IN THE COURSE. MAKE-UP EXAMS FOR STUDENTS WITH A VALID EXCUSE WILL BE GIVEN THE LAST REGULAR CLASS PERIOD. THE FINAL EXAM IS ONE-HUNDRED TWENTY MINUTES LONG, COMPREHENSIVE, WILL INCLUDE MULTIPLE CHOICE, ESSAY QUESTIONS, AND PROBLEMS, AND COUNTS 40% OF THE FINAL GRADE. TAKING THE FINAL EXAM IS OBLIGATORY.
 

CLASS SCHEDULE

DATE

READING

PROBLEM

AUG. 23

INTRODUCTION
THE FUNDAMENTALS OF MANAGERIAL ECONOMICS 1-25, 31, 32
DEMAND 33-43


P. 28, # 8
P. 67, # 18

AUG. 30

SUPPLY 43-52
MARKET EQUILIBRIUM 51-65

P. 65, # 5
P. 65, # 2

SEP. 13

DEMAND ELASTICITY 69-79
MORE ELASTICITY 79-92

P. 106, # 3
P. 107, # 6

SEP. 20

INDIFFERENCE CURVES AND BUDGETS 113-122
CONSUMER EQUILIBRIUM, RESPONSES 123-138

P. 147, # 7
P. 148, # 14

SEP. 27

FIRST EXAM
WORKER AND MANAGER INCENTIVES 138-147


P. 149, # 20

OCT. 4

SHORT-RUN PRODUCTION 152-165
SHORT-RUN COST 175-184

P. 194, # 10
P. 194, # 9 *

OCT. 11

LONG-RUN PRODUCTION AND COST 162-175, 184-190
THE NATURE OF INDUSTRY 237-263

P. 193, # 3
P. 264, # 9

OCT. 18

PERFECT COMPETITION--SHORT-RUN 268-279
PERFECT COMPETITION--LONG-RUN 279-282

P. 311, # 5
P. 311, # 2

OCT. 25

MONOPOLY 282-300
MONOPOLISTIC COMPETITION 301-310

P. 312, # 8
P. 313, # 20

NOV. 1

OLIGOPOLY, SWEEZY & COURNOT 319-336
STACKELBERG AND BERTRAND 336-351

P. 352, # 5
P. 354, # 14

NOV. 8

SECOND EXAM
BASIC PRICING STRATEGIES 402-415


P. 436, # 14

NOV. 15

ADVANCED PRICING STRATEGIES 415-432
INFORMATION 439-462

P. 434, # 4
P. 476, # 5

NOV. 22

AUCTIONS 462-475
MARKET FAILURE, MONOPOLY, EXTERNALITIES 479-493

P. 477, # 17
P. 513, # 14

NOV. 29

PUBLIC GOODS, RENT SEEKING, QUOTAS, TARIFFS 493-511
MAKE-UP EXAMS

P. 513, # 15

DEC. 6

6:00-8:00 FINAL EXAM